 |
6-
9, December 2006 Pragati Maidan, New Delhi.
|
||
 |
|
||
 |
|||
|
It is estimated that 11 retailers are gearing up to offer IPOs this year, raising approximately Rs. 20 billion. According to market monitoring firm, Prime Database, retailers such as Vishal Retail, Ebony Retail, Great Wholesale Club, Hidesign, Hotspot, Koutons, Landmark, Maheshwari Mega Ventures, Multiple Zones, Radhakrishna Foodland and Talwalkars are all planning IPOs. The domestic retail sector is so attractive and full of opportunity that retailers just cannot afford to give it a miss. In the 2006, besides Gitanjali Gems and Kewal Kiran Clothing, there weren’t any major IPOs. In 2005, there were several mega IPOs including Shoppers’ Stop, Provogue, Piramyd, Bombay Rayon Fashions and Celebrity Fashions. According to Arvind Singhal, Chairman of Technopak Advisors, “Smaller players now have to compete with bigger players entering the market. When they realise their own funds and bank credit is insufficient for expansion, they go for IPOs. The existing retail companies are giving handsome returns. That would be another driving factor.”
Date: 01-Feb-2007
|
|||
